New construction has been ... 2025 since many homeowners have built up significant home equity. The issue is primarily an affordability crisis. High interest rates and inflated home values have ...

In December 2024, the national, not seasonally adjusted construction unemployment rate was 5.2%, up 0.8% from December 2023, according to a state-by-state analysis of U.S. Bureau of Labor ...

with annual spending still up 3.3%, but the monthly contraction raises concerns about the short-term momentum in the construction sector. The decline comes amid higher mortgage rates and potential ...

Some developers describe an unpredictable climate that could drive up ... rates, expensive homes and scant inventory. A sudden spike in building costs could threaten to slow down the construction ...